News
Canada Pension Plan Investment Board Forms JV to Develop Massive Mixed-Use Project in China
In a joint-venture partnership with Chinese developer Longfor Properties Company, Canada Pension Plan Investment Board has agreed to invest more than $195 million in the construction of a major mixed-use scheme in China’s Jiangsu Province.
Skanska Secures Contract for Sports Hall and Supermarket in Growing Area of Stockholm
Skanska recently announced it has inked an agreement for the construction of a new development project for the Huddinge municipality of the Swedish capital city of Stockholm.
Manzil Downtown Dubai Opens
Manzil Downtown Dubai, Emaar Hospitality Group’s latest lifestyle boutique hotel, is now officially open to the public.
Gaining Ground in Texas
Preferred Apartment Communities Inc. has acquired two multifamily communities near Houston, totaling 520 units, for approximately $76 million, exclusive of acquisition- and financing-related transaction costs.
Economy Watch: The Persistent Sluggishness of Retail Development
Retail sales dropped a bit in December, the Census Bureau reports, adjusting for the holiday season–down 0.9 percent compared with November–which sounds like bad news for retailers and the landlords that lease space to them.
Entering the Bay-Area Multifamily Market with a Multimillion-Dollar Deal
Decron Properties Corp. has acquired Highland Gardens, a 187-unit garden-style apartment community in Mountain View, Calif., for $86 million.
TODAY’S DEALS: NorthMarq Capital Finalizes $35M Freddie Mac Loan
NorthMarq Capital arranges the $34.59 million refinance of Lakeside Terrace Apartments; and Lee & Associates transacts a sale in access of the $9.5 million listing price.
$24.6 Million Renovation Planned for Affordable Community
Enterprise Homes and SunTrust have committed to a $24.6 million renovation project in Fredrick, Md., which will be designed by Grimm + Parker.
Colliers International Announces Greg Walz as Vice Chairman
Greg Walz has joined Colliers International as vice chairman of capital markets group. He will assist with institutional business development and client management.
Starwood Expands UK Portfolio with Purchase of Two Scotland Hotels
Starwood Capital Group has recently announced the purchase of The Town House Collection, a leading independent hotel group in Scotland.